The above daily chart of USD/JPY shows a range between 104 to 108, and both USD and JPY are used by investors for risk-off scenarios, and therefore, the USD/JPY forex pair has different behavior than most other forex pairs, especially EUR/USD. There will be a fresh breakdown below 104, but most breakdowns have been just …
S&P Biotech Industry ETF (LABU) has been one of our top trading picks in the US market. This 3x leveraged ETF is trying to come out of its recent correction and consolidation that was playing out in August 2020. Traders should stay long above 48 for potential targets of 60-70 in September 2020. This ETF …
The above chart of S&P500 futures shows that the recent uptrend (of last 10 days) has been broken today. So we can see correction till 3450-3460. Traders should keep 3490 (today’s low) as the Stop loss for any long positions. Following was the chart today morning, when weakness was visible. However, given the strength of …
WTI Crude Oil Futures had a sharp intraday cut today, with day low of $41.62 per barrel, and bounced back equally sharply, and in the process, a large number of stop losses at 42 level were hit and evidently many traders got back into their long positions above $42 as the futures started rapid recovery. …
Welcome to Jupiter Markets! We created this platform to bring you profitable trading signals for S&P 500 futures, Nasdaq 100 futures, Crude Oil futures, Nifty and Bank Nifty futures, Bitcoin, Leveraged ETFs (like SPXL, TQQQ, LABU, FAS, TMF), Forex (USD/JPY), and we are adding new markets. For example, we have just added SPY Options and …
Here’s the weekly chart of WTI Crude Oil futures, which are currently at $41.57 per barrel. They are in a strong uptrend currently and $50 per barrel is the target. Major trendline resistance coming at $55-58 level. Traders should take profits around $49-52 and wait for the market to show if it wants to go …
Here’s the dailly chart of Nasdaq100 futures, which are currently at 11,121. They are in strong uptrend currently and all resistance levels have been broken! Traders should take profits regularly at currently levels. It looks like a liquidity driven rally, looking at how the long term price channel has been broken for several days. …
Here’s the daily chart of S&P500 futures (ES) as of Sunday night. The S&P500 futures are currently at 3346. They are in strong uptrend currently and 3400 (new high) is the target. Major trendline resistance coming at around 3500, which is much higher. 3400 itself will create selling pressure. Traders should take profits regularly, …
Here’s the weekly chart of Gold (XAU), which is currently at 2035. Gold is currently in a parabolic upmove, thanks to QE2020, but it looks like this upmove has mostly played out. The correction in Gold can easily take it to 1600-1700. Traders should take profits regularly at current levels, because they look unsustainable. …
Here’s the daily chart of Volatility Index (VIX). We track the VIX index carefully, and we also trade the two VIX ETFs (UVXY, SVXY). VIX is in strong downtrend currently with 16-17 as the target. However, we are in the US Election event zone now, and VIX can spike up anytime before or …